how to record the advance Rent of 10 months. which will be paid my a donar as donations. which shopuld be repaid to the donar at the time of vacating the house. can u pls help in this regard,
regards harish Articles
Guest
Guest
(Expert)
19 September 2012
The amount paid by trust should be classified as Deposit under group Deposit, Loans & advances. The amount paid by donor to trust should be classified as Deposit under Current liabilities.
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